Friday, October 30, 2020
No menu items!
  • News
  • Bitcoin
  • XRP News
  • Contact Us
More

    I’m a Ripple Fan, But I Don’t Understand Why People Are Buying XRP –Anthony Pompliano

    Must Read

    Charles Hoskinson: We Are Building Infrastructure to Make Cardano Blockchain Suitable for Future Elections

    The CEO of IOHK, Charles Hoskinson, has stated that his team has been building infrastructure to make Cardano blockchain...

    David Schwartz Highlights Obstacles Facing XRP As Price Lags Behind Bitcoin (BTC)

    XRP continues to underperform in the market compared to Bitcoin (BTC), the largest cryptocurrency by market capitalization. As this remains...

    Ripple Makes More Payments into MoneyGram to Boost Liquidity of XRP-Powered ODL

    Ripple, the blockchain payments firm, has reportedly paid millions in market development fees to the money transfer giant MoneyGram. According...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    Anthony Pompliano, the co-founder at Morgan Creek Digital, who is a stern Bitcoin maximalist, has recently said he does not understand why people are buying XRP. He said he believes that the success of Ripple will not necessarily impact the price of XRP.

    Pompliano said this in a recent episode of The Pomp Podcast with the TechCrunch and Arrington XRP Capital founder, Michael Arrington, about Bitcoin (BTC) and XRP.

    During the Podcast, the popular Bitcoin advocate showcased his interest in the San Francisco based fintech, Ripple, but a total disinterest in the digital token XRP. Pompliano also admitted that he wished he had invested in Ripple earlier to earn a profit.

    He said:

    “I think that XRP as part of the Ripple product, meaning they use it inside the product, I understand why they do that. I see the advantages inside the Ripple ecosystem. What I don’t understand, and I think where I choose to not engage on the XRP side, is I don’t understand why people are buying it, speculating on future price movements.

    To me, if Ripple is successful, that doesn’t mean XRP has to be successful…

    If you separate XRP and Ripple, Ripple as a software company that wants to build better software for banks, [it is a] no-brainer, makes sense, venture capital bet. I’m jealous I didn’t invest in Ripple in the seed round.”

    Anthony Pompliano further stated that Bitcoin (BTC) can only worth millions of dollars or worth nothing, which makes him term Bitcoin as the most binary asset around.

    “Bitcoin is the most binary things you can find. It is either going to be worth millions of dollars a coin or it’s going to be worth basically nothing. You, me, and everybody else is underestimating how big Bitcoin can get…

    Murad Mamhmudov made an argument that Bitcoin’s market cap is not comparable to just the global monetary supply at $90 trillion. He thought it was a $150 trillion and how he got there was a lot of the assets that you and I own, we own because we don’t want to hold cash because of inflation.

    Just like Uber was a market expanding piece of technology and it wasn’t just against taxis. It ended up like some people don’t own cars. Same thing here. Maybe I don’t put my wealth in store of value assets. I can put that in ‘currency’ because it’s a deflationary type currency.”

    Michael Arrington Believes in Both Bitcoin (BTC) and Ripple’s XRP

    On the other hand, the well-known entrepreneur, Michael Arrington, shared his interest in cryptocurrency, especially Bitcoin (BTC) and XRP.

    He pointed out that he loves XRP and believes that Bitcoin is money and money is Bitcoin.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Charles Hoskinson: We Are Building Infrastructure to Make Cardano Blockchain Suitable for Future Elections

    The CEO of IOHK, Charles Hoskinson, has stated that his team has been building infrastructure to make Cardano blockchain...

    David Schwartz Highlights Obstacles Facing XRP As Price Lags Behind Bitcoin (BTC)

    XRP continues to underperform in the market compared to Bitcoin (BTC), the largest cryptocurrency by market capitalization. As this remains to be a concern within...

    Ripple Makes More Payments into MoneyGram to Boost Liquidity of XRP-Powered ODL

    Ripple, the blockchain payments firm, has reportedly paid millions in market development fees to the money transfer giant MoneyGram. According to the third quarter financial...

    Cardano (ADA) Can Now Be Purchased and Traded With Euro on Gemini Exchange

    Gemini, a top cryptocurrency exchange based in the United States, has announced that Cardano (ADA) can now be purchased by users on its platform...

    CZ Binance Reacts to Report Regarding Rumored FBI Investigation and Regulatory Evasion

    The CEO of Binance exchange, Changpeng Zhao, popularly known as CZ, has reacted to the rumor about the exchange being investigated by the Federal...

    More Articles Like This